Ekonomika poljoprivrede
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2019, vol. 66, iss. 1, pp. 297-308
Financial support to fruit and vegetables growing and impact on B&H trade balance
aUniversity Singidunum, Belgrade, Serbia + 'Drina river bridge corp. ad.', Belgrade
bInstitute for Territorial Economic Development (InTER), Belgrade
cSlobomir P University, Bijeljina, Republic of Srpska, B&H,
Data on global competitiveness and trade balance fall within the most important indicators regarding the shape of economy in a specific country. Data for Bosnia and Herzegovina (B&H), are not very good according to either of the said indicators. In regard to competitiveness, the World Economic Forum (WEF) classifies B&H below the average, while the trade balance shows deficit for the past few years in a row. The goal of this paper is, in such situation, to point to one of the bright points, the agricultural sector, primarily fruit and vegetable growing, which, with financial assistance, in a relatively short time period could significantly change B&H's trade balance. Since the largest volume of fruit and vegetables export is realized on a choosy European Union (EU) market, the increase of export can be achieved only by honoring the strict standards and having adequate certificates. A chance for increase in production and competitiveness is in interconnecting into clusters which have proven to be the best way of increasing the market competitiveness and survival in an era of globalization and rule of multinational companies.
*** Strategy for export growth of B&H from 2012 to 2015. draft, pp. 46-47, available at http://komoraB&
*** Guide for import and export of fruit and vegetables in EU. pp.7-8. available at
*** (1998/2004) Foreign trade policy act. Official Journal of B&H, No. 7, 35
*** Statistical yearbook of RS for 2018. p. 272
*** (2018) Regulation on terms and conditions for receiving price support for development of agriculture and countryside. Official Journal of RS, No. 25/2018, 46/2018, 71/2018, 82/2018, 97/2018, 102/2018 and 116/2018
*** (2018) Statistical data for BD B&H. Bulletin No. 1 for, pp. 55-56
Đurić, K., Vukoje, V., Tomaš-Simin, M. (2016) Agrarian budget as a form of agricultural financing in the Republic of Serbia and Croatia. Agroekonomika, vol. 45, br. 71, str. 13-21
Federal Office of Statistics FB&H (2018) FB&H in numbers. p. 37
Milovanović, M., Radosavac, A., Knežević, D. (2018) State of agro-food foreign trade in Bosnia and Herzegovina. Ekonomika poljoprivrede, vol. 65, br. 3, str. 1059-1070
Radosavac, A., Rosandić, A., Demirović, D., Knezević, D. (2015) The share of food products in foreign trade of Bosnia and Herzegovina. International Journal of Scientific Research, 4(8), p. 3-5


article language: English
document type: Review Paper
DOI: 10.5937/ekoPolj1901297C
published in SCIndeks: 28/03/2019
peer review method: double-blind
Creative Commons License 4.0

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